WASHINGTON (dpa-AFX) - Praxair Inc. (PX on Tuesday announced a joint venture with OJSC KuibyshevAzot, in central Russia's Samara region, to produce and sell industrial gases.
The JV will produce on-site oxygen, nitrogen and compressed dry air for KuibyshevAzot's expanding caprolactam, fertilizer and ammonia production, as well as liquid oxygen, nitrogen and argon for sale to customers in the Volga region.
Praxair and KuibyshevAzot will construct a new, energy-efficient air separation unit that will produce 1,400 tons per day of oxygen, nitrogen and argon and is scheduled to start-up mid-2016.
The JV will also own and operate KuibyshevAzot's existing air separation unit, which produces 2,000 tons per day of oxygen, nitrogen and argon.
This is Praxair's fifth on-site project in Russia and third in the Volga region.
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